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17 May, 10:07

At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. on january 24, 2017, it is learned that the company's receivable from madonna inc. is not collectible and therefore management authorizes a write-off of $4,300.

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  1. 17 May, 10:12
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    Accounts Receivable before the write off: (700,000-25,000) = 675,000 Accounts Receivable after write off: (700-4300) - (25000-4300) = 675,000
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Home » Business » At the end of 2016, safer co. has accounts receivable of $700,000 and an allowance for doubtful accounts of $25,000. on january 24, 2017, it is learned that the company's receivable from madonna inc.
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